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. the current debate is different, do not forget. after having surpluses at the end of the clinton administration, we went into debt almost a decade ago -- deficits almost a decade ago. the problems have gotten more difficult. at the moment, we have some interesting changes. you talk about 30 years since reagan. the country is getting older, so medicare, medicaid, social security costs more, but we have also had a lot of tax cuts. revenue is at the smallest amount since 1950. if we just got revenue back up to historical average, a deficit would be about $500 billion less than a career that is. the problem with that much more smaller. economists would then say that it is not much of a problem. the history is rather sordid, you are right. host: let me go to "the national journal." three reasons why mitch mcconnell will not save the fiscal cliff negotiations. the first one, most importantly, he is missing his dance partner joe biden. he has been kept on the sidelines during negotiations. some republicans think his absence is a sign that the president is not serious about closing a dea
Search Results 0 to 0 of about 1